Wrapmanager Inc. Has $238,000 Stock Holdings in Starbucks Co. (NASDAQ:SBUX)

Wrapmanager Inc. reduced its stake in shares of Starbucks Co. (NASDAQ:SBUX) by 28.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,607 shares of the coffee company’s stock after selling 1,037 shares during the period. Wrapmanager Inc.’s holdings in Starbucks were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Financial Life Planners bought a new stake in Starbucks in the 4th quarter valued at $25,000. Collier Financial acquired a new stake in shares of Starbucks in the 4th quarter valued at about $27,000. Marshall Investment Management LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at about $30,000. Centricity Wealth Management LLC bought a new stake in shares of Starbucks in the fourth quarter valued at about $36,000. Finally, FSA Wealth Management LLC acquired a new position in shares of Starbucks during the third quarter worth about $49,000. Institutional investors own 72.29% of the company’s stock.

Starbucks Stock Up 1.2 %

Starbucks stock opened at $114.59 on Wednesday. The company’s 50-day moving average price is $100.58 and its two-hundred day moving average price is $98.00. The stock has a market cap of $130.16 billion, a P/E ratio of 36.96, a P/E/G ratio of 3.59 and a beta of 1.00. Starbucks Co. has a twelve month low of $71.55 and a twelve month high of $115.24.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. Starbucks had a negative return on equity of 44.97% and a net margin of 9.73%. During the same period last year, the business posted $0.90 EPS. Equities analysts anticipate that Starbucks Co. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SBUX shares. TD Cowen reissued a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research report on Monday, November 11th. BMO Capital Markets lifted their price objective on shares of Starbucks from $110.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 29th. Stifel Nicolaus increased their target price on shares of Starbucks from $110.00 to $114.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays raised their target price on shares of Starbucks from $119.00 to $124.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price target on shares of Starbucks in a research report on Friday, January 24th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Starbucks Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.